When Will the Gender Gap in Retirement Income Narrow?
AbstractAmong recent retirees, women receive substantially less retirement income from Social Security and private pensions than men. Increases in women's labor market attachment and earnings relative to men over the past 50 years provide some optimism for an improvement in female retirement income, particularly for married women. This study shows that women's income from Social Security and private pensions has improved only slightly relative to men over the past 25 years. Using data on people approaching retirement age over the next 20 years, prospects for future improvement are investigated. One of the main conclusions is that pension income among women (particularly married women) will rise sharply relative to men's over the next few decades, but a substantial gap could remain even if women close the gap in experience and salaries.
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Bibliographic InfoArticle provided by Southern Economic Association in its journal Southern Economic Journal.
Volume (Year): 71 (2004)
Issue (Month): 1 (July)
Other versions of this item:
- William E. Even & David A. Macpherson, 2003. "When Will the Gender Gap in Retirement Income Narrow?," Labor and Demography 0310005, EconWPA.
- William E. Even & David A. Macpherson, 2004. "When Will the Gender Gap in Retirement Income Narrow?," Labor and Demography 0404006, EconWPA.
- J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
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